News

26 January 2015

News

2014 financial reporting on occupational pension schemes

The Swiss Financial Market Supervisory Authority FINMA has published today the documentation necessary for Swiss private life insurers to collect their data for the 2014 financial reporting on occupational pension schemes. Life insurers have up until 30 April 2015 to report to FINMA on their activities in group occupational pension schemes in 2014. Key data and 2014 financial results must be communicated to insured pension funds, collective insurance schemes and insured persons by 31 May 2015. In 2013, life insurers were requested for the first time to separately disclose commissions for brokers, intermediaries and their own sales representatives. They were also required to break down gross premiums booked into periodic and single premiums obtained from transferred retirement assets and assumed pension benefits. This time the 2014 financial reporting must now include the percentage of collective investment schemes and of capital investments that are not cost transparent.